Economy, asked by dkmaurya1199, 3 months ago

An ___________arises when a person engages in an activity that influences the well-being of a third party and yet neither pays nor receives any compensation for that effect

Answers

Answered by MirhaHussain

Answer:

externality

An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays nor receives any compensation for that effect.

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